(The Gist of PIB) Global Innovation and Technology Alliance 


(THE GIST OF PIB) Global Innovation and Technology Alliance 

[December-2020]


Global Innovation and Technology Alliance 

  • At celebration of the 9th Foundation Day of GITA, Union Minister of Science and Technology underlined how Global Innovation and Technology Alliance (GITA) served as a catalyst for nurturing innovation and industrial research and development.

About:

  • Global Innovation and Technology Alliance (GITA) is a “not–for–profit” Section-8 Public Private Partnership (PPP) company.
  • It is promoted jointly by the Technology Development Board (TDB), Department of Science and Technology (DST), Government of India and the Confederation of Indian Industry (CII).
  • The Prime Minister’s Council on Trade & Industry had, in 2010, recommended incorporation of a Government’s arm’s length entity under PPP mode to professionally manage the Government’s funds for providing flexibility to industry for undertaking R&D along with global partners.
  • The GITA platform encourages industrial investments in innovative technology solutions by
  • Mapping technology gaps,
  • Undertaking expert evaluation of technologies available across the globe,
  • Facilitating techno–strategic collaborative partnerships appropriate for Indian economy,
  • Connecting industrial and institutional partners for synergistic matchmaking and
  • Providing soft funding for technology development / acquisition / deployment.

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Courtesy: PIB